However, net income fell to $123 million, or 33 cents per share, in the second quarter ended Dec. 31, from $428 million, or $1.15 per share, a year earlier.

The company incurred a one-time tax charge of $394 million following the recently passed U.S. tax bill.

The cosmetics maker raised its 2018 full-year adjusted profit forecast to $4.27-$4.32 per share, thanks to its robust retail travel segment, which includes sales in duty-free stores and tourist department stores like Harrods, House of Fraser and Le Bon Marche.

It had earlier expected adjusted profit of $4.04-$4.12 per share.

Revenue was boosted by the acquisition of Too Faced and Becca Cosmetics, which added about 2 percentage points to sales growth.

Excluding certain items, the company earned $1.52 per share, beating analysts’ average estimate of $1.44 cents per share, according to Thomson Reuters I/B/E/S.